Poland sees cost of building 6-9 GW of nuclear energy at $30 bln

EnergyWorld

WARSAW: Poland sees the total costs of building six nuclear reactors of 6-9 gigawatts capacity over 20 years at around $30 billion, state news agency PAP quoted the minister responsible for energy infrastructure as saying on Friday.

Poland generates most of its electricity from burning coal and sees nuclear energy as a way to help it reduce emissions as required by the European Union.

The country wants to build 6-9 gigawatts (GW) of nuclear energy capacity and plans to build its first nuclear power plant by 2033, but has not yet worked out a financing scheme.

In October Warsaw and Washington struck a nuclear power agreement which says that over the next 18 months, the United States and Poland will work on a report for the programme that seeks to build six reactors, as well as potential financing arrangements.

“We know the range (of costs). This is around $30 billion, if we talk about the whole 20-years project, or six reactors of 6-9 GW,” PAP quoted Piotr Naimski as saying. The minister added that half of the amount would be Poland’s costs, suggesting a potential foreign partner would pick up the other half.

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Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.